PUBLISHER: IMARC | PRODUCT CODE: 1347368
PUBLISHER: IMARC | PRODUCT CODE: 1347368
GCC Solar Water Heater Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The GCC solar water heater market size reached US$ 82.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 207.6 Million by 2028, exhibiting a growth rate (CAGR) of 16.4% during 2023-2028.
Solar water heater is a device which uses solar energy from the sun to heat water. It is generally installed on terrace or in open spaces where abundant sunlight is available. The water is then heated during the day and stored in an insulated tank. The heated water can be used for bathing, cleaning, space heating, industrial process, etc. In the GCC region, the market for solar water heater has been expanding as an increasing number of consumers have become aware about its advantages. Solar water heater is preferred over conventional water heater as it is cost-effective and reduces dependence over fossil fuels.
The market for solar water heater in the GCC region is being driven by a number of favourable factors. Solar water heater offers several long-term advantages over conventional water heater. It reduces electricity consumption, lowers carbon footprints, improves energy independence, etc. The governments in the region are also encouraging the use of solar water heater through building regulation and providing subsidies.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC solar water heater market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on type and application.
Breakup by Type:
Covering Flat Plate Collector
Evacuated Tube Collector
Unglazed Water Collector
The report has segmented the GCC solar water heater market on the basis of type covering flat plate collector, evacuated tube collector and unglazed water collector. Currently, covering flat plate collector accounts for the largest market share in the GCC region.
Breakup by Application:
Commercial
Residential
Government buildings
Others
The report has also segmented the market on the basis on application. The key applications of solar water heater include commercial, residential, government buildings and others.
Breakup by Region:
Saudi Arabia
UAE
Kuwait
Oman
Qatar
Bahrain
Region - wise, Saudi Arabia represents the largest market for solar water heater, accounting for the majority of the market share.
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Ariston Holding N.V., Orbital Horizon, Saudi Ceramic Company, Viessmann Group and Ecotherm Austria GmbH, etc.
This report provides a deep insight into the GCC solar water heater industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a solar water heater manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the GCC solar water heater industry in any manner.
Key Questions Answered in This Report:
- How has the GCC solar water heater market performed so far and how will it perform in the coming years?
- What are the key regional markets in the GCC solar water heater industry?
- What has been the impact of COVID-19 on the GCC solar water heater industry?
- What are the key type in the GCC solar water heater industry?
- What are the key application segments in the GCC solar water heater industry?
- What are the price trends of solar water heater in the GCC region?
- What are the various stages in the value chain of the GCC solar water heater industry?
- What are the key driving factors and challenges in the GCC solar water heater industry?
- What is the structure of the GCC solar water heater industry and who are the key players?
- What is the degree of competition in the GCC solar water heater industry?
- What are the profit margins in the GCC solar water heater industry?
- What are the key requirements for setting up a GCC solar water heater manufacturing plant?
- How is solar water heater manufactured?
- What are the various unit operations involved in a solar water heater manufacturing plant?
- What is the total size of land required for setting up a solar water heater manufacturing plant?
- What are the machinery requirements for setting up a solar water heater manufacturing plant?
- What are the raw material requirements for setting up a solar water heater manufacturing plant?
- What are the packaging requirements for solar water heater?
- What are the transportation requirements for solar water heater?
- What are the utility requirements for setting up a solar water heater manufacturing plant?
- What are the manpower requirements for setting up a solar water heater manufacturing plant?
- What are the infrastructure costs for setting up a solar water heater manufacturing plant?
- What are the capital costs for setting up a solar water heater manufacturing plant?
- What are the operating costs for setting up a solar water heater manufacturing plant?
- What will be the income and expenditures for a solar water heater manufacturing plant?
- What is the time required to break-even?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Solar Water Heater Industry
- 5.1 Market Overview
- 5.2 Market Performance
- 5.2.1 Volume Trends
- 5.2.2 Value Trends
- 5.3 Price Trends
- 5.4 Market Breakup by Region
- 5.5 Market Breakup by Type
- 5.6 Market Breakup by Application
- 5.7 Market Forecast
6 GCC Solar Water Heater Industry
- 6.1 Market Overview
- 6.2 Market Performance
- 6.2.1 Volume Trends
- 6.2.2 Value Trends
- 6.3 Impact of COVID-19
- 6.4 Market Breakup by Region
- 6.5 Market Breakup by Type
- 6.6 Market Breakup by Application
- 6.7 Market Forecast
- 6.8 SWOT Analysis
- 6.8.1 Overview
- 6.8.2 Strengths
- 6.8.3 Weaknesses
- 6.8.4 Opportunities
- 6.8.5 Threats
- 6.9 Value Chain Analysis
- 6.9.1 Overview
- 6.9.2 Research and Development
- 6.9.3 Raw Material Procurement
- 6.9.4 Manufacturing
- 6.9.5 Marketing
- 6.9.6 Distribution
- 6.9.7 Application
- 6.10 Porter's Five Forces Analysis
- 6.10.1 Overview
- 6.10.2 Bargaining Power of Buyers
- 6.10.3 Bargaining Power of Suppliers
- 6.10.4 Degree of Competition
- 6.10.5 Threat of New Entrants
- 6.10.6 Threat of Substitutes
- 6.11 Key Success Factors and Risk Factors for Solar Water Heater Manufacturers
7 Saudi Arabia Solar Water Heater Industry
- 7.1 Market Overview
- 7.2 Market Performance
- 7.3 Market Breakup by Type
- 7.4 Market Breakup by Application
- 7.5 Market Forecast
8 UAE Solar Water Heater Industry
- 8.1 Market Overview
- 8.2 Market Performance
- 8.3 Market Breakup by Type
- 8.4 Market Breakup by Application
- 8.5 Market Forecast
9 Kuwait Solar Water Heater Industry
- 9.1 Market Overview
- 9.2 Market Performance
- 9.3 Market Breakup by Type
- 9.4 Market Breakup by Application
- 9.5 Market Forecast
10 Oman Solar Water Heater Industry
- 10.1 Market Overview
- 10.2 Market Performance
- 10.3 Market Breakup by Type
- 10.4 Market Breakup by Application
- 10.5 Market Forecast
11 Qatar Solar Water Heater Industry
- 11.1 Market Overview
- 11.2 Market Performance
- 11.3 Market Breakup by Type
- 11.4 Market Breakup by Application
- 11.5 Market Forecast
12 Bahrain Solar Water Heater Industry
- 12.1 Market Overview
- 12.2 Market Performance
- 12.3 Market Breakup by Type
- 12.4 Market Breakup by Application
- 12.5 Market Forecast
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Market Breakup by Key Players
14 Solar Water Heater Manufacturing Process
- 14.1 Product Overview
- 14.2 Detailed Process Flow
- 14.3 Various Types of Unit Operations Involved
- 14.4 Mass Balance and Raw Material Requirements
15 Project Details, Requirements and Costs Involved
- 15.1 Land Requirements and Expenditures
- 15.2 Construction Requirements and Expenditures
- 15.3 Plant Machinery
- 15.4 Raw Material Requirements and Expenditures
- 15.5 Packaging Requirements and Expenditures
- 15.6 Transportation Requirements and Expenditures
- 15.7 Utility Requirements and Expenditures
- 15.8 Manpower Requirements and Expenditures
- 15.9 Other Capital Investments
16 Loans and Financial Assistance
17 Project Economics
- 17.1 Capital Cost of the Project
- 17.2 Techno-Economic Parameters
- 17.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 17.4 Taxation and Depreciation
- 17.5 Income Projections
- 17.6 Expenditure Projections
- 17.7 Financial Analysis
- 17.8 Profit Analysis
18 Key Player Profiles
- 18.1 Ariston Holding N.V.
- 18.2 Orbital Horizon
- 18.3 Saudi Ceramic Company
- 18.4 Viessmann Group
- 18.5 Ecotherm Austria GmbH
List of Figures
- Figure 1: GCC: Solar Water Heater Market: Major Drivers and Challenges
- Figure 2: Global: Solar Water Heater Market: Volume Trends (in GW Thermal), 2017-2022
- Figure 3: Global: Solar Water Heater Market: Value Trends (in Billion US$), 2017-2022
- Figure 4: Global: Solar Water Heater Market: Price Trends (in US$/GW), 2017-2022
- Figure 5: Global: Solar Water Heater Market: Breakup by Region (in %), 2022
- Figure 6: Global: Solar Water Heater Market: Breakup by Type (in %), 2022
- Figure 7: Global: Solar Water Heater Market: Breakup by Application (in %), 2022
- Figure 8: Global: Solar Water Heater Market Forecast: Volume Trends (in GW Thermal), 2023-2028
- Figure 9: Global: Solar Water Heater Market Forecast: Value Trends (in Billion US$), 2023-2028
- Figure 10: GCC: Solar Water Heater Market: Volume Trends (in MW Thermal), 2017-2022
- Figure 11: GCC: Solar Water Heater Market: Value Trends (in Million US$), 2017-2022
- Figure 12: GCC: Solar Water Heater Market: Price Trends (in US$/MW), 2017-2022
- Figure 13: GCC: Solar Water Heater Market: Breakup by Region (in %), 2022
- Figure 14: GCC: Solar Water Heater Market: Breakup by Type (in %), 2022
- Figure 15: GCC: Solar Water Heater Market: Breakup by Application (in %), 2022
- Figure 16: GCC: Solar Water Heater Market Forecast: Volume Trends (in MW Thermal), 2023-2028
- Figure 17: GCC: Solar Water Heater Market Forecast: Value Trends (in Million US$), 2023-2028
- Figure 18: GCC: Solar Water Heater Industry: SWOT Analysis
- Figure 19: GCC: Solar Water Heater Industry: Value Chain Analysis
- Figure 20: GCC: Solar Water Heater Industry: Porter's Five Forces Analysis
- Figure 21: Saudi Arabia: Solar Water Heater Market: Volume Trends (in MW Thermal), 2017-2022
- Figure 22: Saudi Arabia: Solar Water Heater Market: Breakup by Type (in %), 2022
- Figure 23: Saudi Arabia: Solar Water Heater Market: Breakup by Application (in %), 2022
- Figure 24: Saudi Arabia: Solar Water Heater Market Forecast: Volume Trends (in MW Thermal), 2023-2028
- Figure 25: UAE: Solar Water Heater Market: Volume Trends (in MW Thermal), 2017-2022
- Figure 26: UAE: Solar Water Heater Market: Breakup by Type (in %), 2022
- Figure 27: UAE: Solar Water Heater Market: Breakup by Application (in %), 2022
- Figure 28: UAE: Solar Water Heater Market Forecast: Volume Trends (in MW Thermal), 2023-2028
- Figure 29: Kuwait: Solar Water Heater Market: Volume Trends (in MW Thermal), 2017-2022
- Figure 30: Kuwait: Solar Water Heater Market: Breakup by Type (in %), 2022
- Figure 31: Kuwait: Solar Water Heater Market: Breakup by Application (in %), 2022
- Figure 32: Kuwait: Solar Water Heater Market Forecast: Volume Trends (in MW Thermal), 2023-2028
- Figure 33: Oman: Solar Water Heater Market: Volume Trends (in MW Thermal), 2017-2022
- Figure 34: Oman: Solar Water Heater Market: Breakup by Type (in %), 2022
- Figure 35: Oman: Solar Water Heater Market: Breakup by Application (in %), 2022
- Figure 36: Oman: Solar Water Heater Market Forecast: Volume Trends (in MW Thermal), 2023-2028
- Figure 37: Qatar: Solar Water Heater Market: Volume Trends (in MW Thermal), 2017-2022
- Figure 38: Qatar: Solar Water Heater Market: Breakup by Type (in %), 2022
- Figure 39: Qatar: Solar Water Heater Market: Breakup by Application (in %), 2022
- Figure 40: Qatar: Solar Water Heater Market Forecast: Volume Trends (in MW Thermal), 2023-2028
- Figure 41: Bahrain: Solar Water Heater Market: Volume Trends (in MW Thermal), 2017-2022
- Figure 42: Bahrain: Solar Water Heater Market: Breakup by Type (in %), 2022
- Figure 43: Bahrain: Solar Water Heater Market: Breakup by Application (in %), 2022
- Figure 44: Bahrain: Solar Water Heater Market Forecast: Volume Trends (in MW Thermal), 2023-2028
- Figure 45: GCC: Solar Water Heater Market: Breakup by Key Players (in %), 2022
- Figure 46: Solar Water Heater Manufacturing Plant: Detailed Process Flow
- Figure 47: Solar Water Heater Manufacturing Plant: Various Unit Operations Involved
- Figure 48: Solar Water Heater Manufacturing Plant: Conversion Rate of Products
- Figure 49: Solar Water Heater Manufacturing Plant: Breakup of Capital Costs (in %)
- Figure 50: Solar Water Heater Industry: Breakup of Profit Margins at Various Level of the Value Chain
- Figure 51: Solar Water Heater Production: Manufacturing Cost Breakup (in %)
List of Tables
- Table 1: Global: Solar Water Heater Market: Key Industry Highlights, 2022 and 2028
- Table 2: GCC: Solar Water Heater Market: Key Industry Highlights, 2022 and 2028
- Table 3: Saudi Arabia: Solar Water Heater Market: Key Industry Highlights, 2022 and 2028
- Table 4: UAE: Solar Water Heater Market: Key Industry Highlights, 2022 and 2028
- Table 5: Kuwait: Solar Water Heater Market: Key Industry Highlights, 2022 and 2028
- Table 6: Oman: Solar Water Heater Market: Key Industry Highlights, 2022 and 2028
- Table 7: Qatar: Solar Water Heater Market: Key Industry Highlights, 2022 and 2028
- Table 8: Bahrain: Solar Water Heater Market: Key Industry Highlights, 2022 and 2028
- Table 9: GCC: Solar Water Heater Market: Competitive Structure
- Table 10: Solar Water Heater Manufacturing Plant: Raw Material Requirements
- Table 11: Solar Water Heater Manufacturing Plant: Costs Related to Land and Site Development (in US$)
- Table 12: Solar Water Heater Manufacturing Plant: Costs Related to Civil Works (in US$)
- Table 13: Solar Water Heater Manufacturing Plant: Machinery Costs (in US$)
- Table 14: Solar Water Heater Manufacturing Plant: Raw Material Requirements and Expenditure
- Table 15: Solar Water Heater Manufacturing Plant: Costs Related to Utilities
- Table 16: Solar Water Heater Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
- Table 17: Solar Water Heater Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
- Table 18: Details of Financial Assistance Offered by Financial Institutions
- Table 19: Solar Water Heater Manufacturing Plant: Capital Costs (in US$)
- Table 20: Solar Water Heater Manufacturing Plant: Techno-Economic Parameters
- Table 21: Solar Water Heater Manufacturing Plant: Income Projections (in US$)
- Table 22: Solar Water Heater Manufacturing Plant: Expenditure Projections (in US$)
- Table 23: Solar Water Heater Manufacturing Plant: Taxation (in US$)
- Table 24: Solar Water Heater Manufacturing Plant: Depreciation (in US$)
- Table 25: Solar Water Heater Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
- Table 26: Solar Water Heater Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
- Table 27: Solar Water Heater Manufacturing Plant: Profit and Loss Account (in US$)
